The San Francisco Giants have sold a reported 10% stake in the team to private equity firm Sixth Street. The team confirmed the deal Tuesday but not the amount of the investment, which was first reported Monday by The New York Times.

The San Francisco Giants and Sixth Street, a leading global investment firm, today announced a new strategic partnership. Sixth Street’s significant new equity investment into the Giants will support the organization in its pursuit to be champions on and off the field.

Arctos, another private equity firm, owns about 2 percent of the Giants, as well as stakes in the Houston Astros, the San Diego Padres and other teams.